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Fannie Mae and Freddie Mac were not the reason behind the economic crisis.?
Wiki User
∙ 12y ago
Fannie Mae and Freddie Mac were not the reason behind the economic crisis.
Wiki User
∙ 12y ago
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Did the government backing Fannie May and Freddie Mack and forcing them to lend 40 percent of the loans to underqualified buyers cause the housing bubble and this crisis?
No - Bush and McCain repeatedly called for an investigation into Freddie and Fannie and were just as often called racists for doing so
Why did the federal government take over fannie Mae and Freddie mac?
The federal government took control of Fannie Mae and Freddie Mac on Sunday in a bid to keep the two mortgage giants from failing, catastrophes that would have made home loans harder to get and taken the nation's housing collapse to a new level of crisis.
Who is responsible for the US economic crisis?
No one person or group is completely responsible for the current U.S. economic crisis. A lot of the blame is shared by the various financial institutions that issued and traded risky financial instruments related to the nation's mortgage market. Blame can be placed on the country's legislators for lax legislation and oversight of these same financial institutions. Congress could also be blamed for not monitoring the activities of mortgage backers Fannie Mae and Freddie Mac. The failure of Congress and presidential administrations, past and present, to balance our federal budget also contributed to the crisis.
Did George Bush warn about Freddie and Fannie?
Yes, George W. Bush did warn about the potential risks posed by Freddie Mac and Fannie Mae. During his presidency, Bush repeatedly called for reforms and increased oversight of the two government-sponsored entities, raising concerns about their financial stability and the potential for a housing market downturn. Despite these warnings, however, the 2008 financial crisis was largely triggered by the collapse of these institutions.
Do you agree that we are now in the economic and financial crisis?
Yes I do believe we are in a economic crisis
When did Lehman Brothers file for Bankruptcy?
Lehman Brothers filed for bankruptcy on September 15, 2008 after it could no longer function during the credit crisis of 2008. Other victims of the financial industry downturn have included Indymac, Bear Sterns, Fannie Mae, and Freddie Mac.
Is high education the solution to economic crisis?
Personally, yes education is the solution to economic crisis.
Is Ireland having a crisis?
yes! economic crisis
When will the crisis over?
You have to be more specific when you are talking about "crisis". Do you mean the economic crisis?
What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
Does credit have anything to do with economic crisis?
The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.
The daWES PLAN OF 1924 SHOWED AMERICAS?
concern over Germany's economic crisis
